Millennial Media, a mobile advertising startup based in Baltimore, MD, received $1.2 million in funding earlier this year, according to the PwCMoneyTree database. The round was led by Bessemer Venture Partners and Columbia Capital. The company was founded by Paul Palmieri, formerly at Verizon Wireless among others…it has an ad server and ad network, and competing against the like of ThirdScreenMedia, AdMob and others.
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